Citation
(2006), "Air Products completes Tomah3 Products acquisition", Pigment & Resin Technology, Vol. 35 No. 6. https://doi.org/10.1108/prt.2006.12935fab.013
Publisher
:Emerald Group Publishing Limited
Copyright © 2006, Emerald Group Publishing Limited
Air Products completes Tomah3 Products acquisition
Air Products completes Tomah3 Products acquisition
On March 31, Air Products, Lehigh Valley, PA, completed the acquisition of Tomah3 Products of Milton, WI, for approximately $115 million in cash. The acquisition, initially announced on March 22, increases the size of Air Products' performance materials business and will capitalize on the company's surface-science expertise and high-growth-market opportunities. Tomah produces specialty surfactants and processing aids.
“Tomah's product mix complements Air Products' specialty surfactant and specialty amine offerings with new product applications and new market channels. Our performance materials business is a strategic-growth platform for us, and Tomah has unique capabilities to create high-value products. Together, the combined product lines and technical expertise will allow us to enhance our offerings to our core market segments in coatings, inks and adhesives, and provide access to exciting, high-growth segments that are well served by Tomah,” said Wayne Mitchell, Vice President and General Manager of Air Products' Performance Materials Division.
Tomah employs approximately 90 people and has production facilities located in Milton, WI, and Reserve, LA. The Milton plant produces amine- based surfactants, while the Reserve facility produces alcohol ethoxylate surfactants.